If Robert Kaplan still had a say in the matter, he’d be pushing for a half percentage point interest rate reduction at this week’s Federal Reserve meeting. The former Dallas Fed president told CNBC on Tuesday that making the bolder move of 50 basis points would better position policymakers heading into the latter part of
Month: September 2024
UK inflation data released on Wednesday quashes hopes the BoE will cut interest rates on Thursday. Whilst this is bad news for UK mortgage holders the Pound Sterling rose on the news. Eurozone revisions of flash estimates to its inflation showed a downwards revision, weighing on the Euro. EUR/GBP is trading lower on Thursday, exchanging
The much-anticipated FOMC day has finally arrived, and the financial world is eagerly waiting to see if Fed will opt for a 25bps or a more assertive 50bps rate cut. With market expectations split nearly down the middle, and likely some internal divergence within FOMC itself, the outcome is poised to trigger significant market volatility
Fundamental Overview Copper has been on a sustained downtrend since reaching its peak in May. A lot of the weakness has been attributed to the struggling economic recovery in China. Copper is sensitive to the manufacturing cycle, and after a pickup in the first half of the year, we’ve been seeing a notable pullback as
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold October futures contracts at MCX opened flat on Wednesday at Rs 73,260 per 10 gram, which is down by 0.23% or Rs 166 while silver December futures contracts were trading at Rs 88,750/kg, down by 0.44% or Rs 390. Gold and silver showed profit taking ahead of the Fed meeting outcomes with gold prices
Ray Dalio, founder of Bridgewater Associates, speaks onstage during The Wall Street Journal’s 2024 The Future Of Everything Festival at Spring Studios on May 22, 2024 in New York City Dia Dipasupil | Getty Images Entertainment | Getty Images SINGAPORE — U.S. billionaire Ray Dalio named the top five forces at the front and center
NZD/USD gains ground near 0.6190 in Wednesday’s early Asian session. The Fed is anticipated to reduce its borrowing costs on Wednesday. New Zealand’s GDP will be released on Thursday, and it is projected to contract by 0.4% QoQ in Q2. The NZD/USD pair attracts some buyers around 0.6190 on Wednesday during the early Asian session.
Canadian Dollar is broadly lower in early US trading following weaker-than-expected inflation data. With CPI decelerating further than anticipated, this set of data provides BoC some breathing room to ease monetary policy more aggressively if necessary. The spotlight now shifts to the upcoming September employment report, which will be crucial in determining whether BoC sticks
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Silver prices on Tuesday touched Rs 92,400 per kg mark, the first time since the duty cut and is nearing Rs 96,000 per kg, which it achieved last May. The expectation of a rate cut by the Federal Reserve on September 18 has pushed up the prices of the industrial metal, which is widely used
Miami Beach, Florida, Manolo, restaurant, employees at bakery counter. (Photo by: Jeffrey Greenberg/Universal Images Group via Getty Images) Jeff Greenberg | Universal Images Group | Getty Images Latinas are making substantial contributions to the U.S. economy. The female Hispanic population contributed $1.3 trillion to gross domestic product in 2021, an increase from $661 billion in
A report from Statistics Canada released on Tuesday revealed that annual inflation in Canada, as measured by the Consumer Price Index (CPI), increased by 2.0% in August. This figure came in short of market expectations and represents a decrease from July’s 2.5% rise. On a monthly basis, the core CPI, which excludes the often fluctuating prices
Investor sentiment is currently mixed, reflecting the heightened uncertainty surrounding this week’s crucial Fed meeting. While DOW surged to a fresh record high overnight, and S&P 500 edged closer to its historical peak too, the tech-heavy NASDAQ struggled, ending the session in negative territory. The mixed performance extended to Asia, where Nikkei fell sharply in
Fundamental Overview Last Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a Fed “insider”, so the market is attentive to all of his pieces
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Oil prices extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and expectations of lower U.S. crude stockpiles. Brent crude futures for November were up 36 cents, or 0.5%, at $73.11 a barrel, as of 0635 GMT. U.S. crude futures for October climbed 53 cents, or 0.8%,
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